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Maryland Mortgage Program

Making an Offer and Closing

Once you’ve been pre-approved and found the right home, you’re ready for the final steps of the homebuying process. This stage includes making an offer, completing your loan application, and preparing for closing.

Submitting an offer

After you find the home you want to purchase, your real estate agent will help you prepare and submit a competitive offer. They can advise you on:

  • A reasonable offer price
  • Any contingencies (such as home inspection, financing, or appraisal)
  • How to respond if the seller counters your offer

Once your offer is accepted, you officially move forward toward settlement.

Loan application & rate lock

Your loan officer will help you complete a full loan application and choose the Maryland Mortgage Program loan option that’s best for you. At this point, you can also lock in your interest rate.

Your lender will then:

  • Order a required appraisal and a home inspection
  • Verify updated employment and credit information
  • Complete underwriting to confirm you qualify for the loan

These steps help ensure the property is in good condition and that all loan requirements are met before moving forward.

Maryland Mortgage Program review

After your loan package is complete, your lender will submit it to the Maryland Mortgage Program for review. Our team checks that the loan meets all MMP requirements and eligibility guidelines.

Once the loan is approved at the state level, your lender can schedule your closing.

Closing 

At closing, you’ll sign the final loan and title documents, pay any required closing costs, and receive the keys to your new home. This marks the official completion of your homebuying journey.